Latest data from the Mortgage Bankers Association for the week ending 3 April 2020

Latest data from the Mortgage Bankers Association for the week ending 3 April 2020%
  • Purchase index 185.9 vs 211.7 prior
  • Market index 718.2 vs 874.6 prior
  • Refinancing index 3,853.1 vs 4,781.1 prior
  • 30-year mortgage rate 3.49% vs 3.47% prior

Although refinancing activity also dropped a little, purchases continue to dwindle further with the index falling to its lowest level since October 2015. That underscores the impact that the lockdown measures and virus outbreak is having on the housing market.